First Bancorp (FBNC) financial statements (2022 and earlier)

Company profile

Business Address 300 SW BROAD STREET
SOUTHERN PINES, NC 28387
State of Incorp. NC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments461394475530367397680
Cash and cash equivalents461394475530367397680
Total current assets:461394475530367397680
Noncurrent Assets
Operating lease, right-of-use asset21171617181819
Property, plant and equipment136124123123121119115
Intangible assets, net (including goodwill)382242243254255255249
Goodwill364232232239239241234
Intangible assets, net (excluding goodwill)18101115151514
Total noncurrent assets:539383383394393392383
Other undisclosed assets9,5097,7127,3436,8126,5306,2755,826
TOTAL ASSETS:10,5098,4898,2017,7367,2907,0646,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1   1  
Total current liabilities:1   1  
Noncurrent Liabilities
Long-term debt and lease obligation 171717 1919
Operating lease, liability 171717 1919
Total noncurrent liabilities: 353435 1919
Other undisclosed liabilities9,2777,5257,2626,8256,3966,1656,002
Total liabilities:9,2787,5607,2966,8606,3966,1836,021
Stockholders' equity
Stockholders' equity attributable to parent1,231930905877893881868
Common stock723398398397401403409
Accumulated other comprehensive income (loss)(25)2(1)(4)141717
Retained earnings533529508484478460442
Total stockholders' equity:1,231930905877893881868
TOTAL LIABILITIES AND EQUITY:10,5098,4898,2017,7367,2907,0646,889

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues65656864506663
Net investment income73616359556059
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(13) (2) (4)(6)(19)
Gross profit:52656664466044
Operating expenses(45)(24)(25)(24)(26)(26)(24)
Operating income:6414140203420
Nonoperating income1120000
Investment income, nonoperating002(0)0(0)(0)
Gains (losses) on sales of other real estate(0)(0)0(0)(0)(0)(0)
Bank owned life insurance income1111111
Interest and debt expense(2)(2)(2)(3)(3)(4)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (4)(2)13(1)5
Income from continuing operations before equity method investments, income taxes:5403736303021
Other undisclosed income (loss) from continuing operations before income taxes8(5)     
Income from continuing operations before income taxes:13353736303021
Income tax expense(2)(7)(8)(8)(6)(6)(4)
Net income attributable to parent:11282928242316
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:11282928242316
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:11282928242316

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:11282928242316
Other comprehensive income (loss)(27)00(19)(3)00
Comprehensive income (loss):(17)282910212316
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 33  0(4)
Comprehensive income (loss), net of tax, attributable to parent:(17)313310212312

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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